BHG Retail REIT began with an initial portfolio of five retail properties in China. (Photo: REITsWeek)

Units of BHG Retail REIT finished the trading day about 11% lower on 4 June after COVID-19 halted its expansion plans.

BHG Retail REIT is a Singapore-listed, but China-focused retail REIT with a portfolio of six properties across the mainland.

In 2019, the REIT announced plans to acquire the Badaling Outlets in Beijing for SGD575 million.

The acquisition was to be partly funded by the REIT via an equity fund-raising exercise.

Related: BHG Retail REIT to issue up to 260 million new units for Beijing acquisition

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.